3 x 7 because three, seven times is 21
Answer:
$297.41
Step-by-step explanation:
Given that:
Amount = 9270
Derferred period = 6 months = 0.5 yr
Rate = 17.95% = 0.1795
Amount = 9270(1 + 0.1795)^0.5
Amount = 9270(1.1795)^0.5
Amount = 10067.663
PV = 10067.663
Number of months, n = 48
Monthly amount to be paid :
rp = rate per period = 0.1795/12 = 0.0149583
(rp * PV) / 1 - (1 + rp)^-n
(0.0149583 * 10067.663) / 1 - (1 + 0.0149583)^-48
150.5951234529 / 0.5096723
= 295.47441
Closest option is $297.41
Answer: 40
Step-by-step explanation:
Assume Julio's number is x.
The expression would be:
-7 * (x - 15) = -175
x - 15 = -175/-7
x = -175/-7 + 15
x = 40
